GM Financial plans to offer $709 million of securities backed by a pool of retail closed-end vehicle lease made to prime and non-prime borrowers, according to Fitch Ratings.

The pool is comprised of leases that finance new General Motors (GM)-affiliated brand vehicles acquired by GM Financial (GMF) directly from dealers. GM Financial Auto Leasing Trust 2014-2 is the issuer's second-ever public auto lease ABS issuance.

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